Global Private LTE Market Report 2020-2025: Key Players are Nokia, Ericsson, Huawei, ZTE, NEC, and Affirmed Networks Among Others
DUBLIN, Sept. 4, 2020 /PRNewswire/ -- The "Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global private LTE market size is projected to grow from USD 4 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period.
Availability of unlicensed spectrums such as CBRS and MulteFire bands, growing demand in industrial and commercial IoT, and mobile robotics and ML are expected to shape the future of the private LTE market.
Major factors such as the need for unique and defined network quality are expected to drive the growth of the global private LTE market. However, the fragmented spectrum may limit market growth.
The TDD segment to grow at a higher CAGR during the forecast period.
It is used with data transmissions (data or digitized voice). The LTE-TDD mode is complementary and the perfect choice for providing high-speed mobile broadband access in an unpaired spectrum. Several operators have deployed both FDD and TDD modes in their networks. LTE-TDD also provides a path for Time Division Synchronous Code Division Multiple Access (TD-SCDMA).
The unlicensed segment to grow at the highest CAGR during the forecast period.
3GPP has industrialized a new approach with LTE License Assisted Access (LAA) to enable access to LTE-U in the 5GHz Industrial, Scientific, and Medical (ISM) band. Globally, a substantial amount of unlicensed spectrum available in the ISM band can be used across a wide range of applications. Enterprises can design, develop, and operate private LTE networks in unlicensed bands. For instance, MulteFire, with its unlicensed band, provides optimum network coverage, improves network capacity, offers seamless mobility, and increases QoS. Apart from enterprises, telecom operators can also use unlicensed bands with carrier aggregation technology to extend their network coverage. Unlicensed bands have opened up several opportunities for enterprises, ISPs, CSPs, MSPs, MNOs, and cable operators by acting as a neutral host to support multiple business use cases.
Asia-Pacific (APAC) region to record the highest market share in the private LTE market in 2020.
APAC is an emerging region in the private LTE market. China, Japan, and Australia are the major countries contributing to the growth in APAC. APAC also constitutes major economies, such as Singapore, South Korea, and India. Japan, China, and Australia as essential for the growth of the private LTE market in this region. Japan and China are the largest manufacturing economies that produce automobiles, IT products, and electronic products. The manufacturing paradigm has changed considerably with industry seeking advanced technologies such as robotics and big data analytics becoming popular among them.
The market study covers the private LTE market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component, technology, frequency band, end-usrs, and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Topics Covered
For more information about this report visit https://www.researchandmarkets.com/r/j3d6pu
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
View original content:http://www.prnewswire.com/news-releases/global-private-lte-market-report-2020-2025-key-players-are-nokia-ericsson-huawei-zte-nec-and-affirmed-networks-among-others-301124439.html
SOURCE Research and Markets